Overview
- Energizer reported Q4 adjusted EPS of $1.05 versus $1.12 expected, with revenue of $832.8 million up 3.4% and slightly ahead of estimates.
- Management guided Q1 adjusted EPS to $0.20–$0.30 and projected a GAAP loss of $0.08–$0.09 per share, well below Wall Street expectations.
- Shares fell sharply after the release, sliding 19.25% premarket Tuesday to $19.26 and later trading down 5.4% Wednesday to $18.41.
- Analysts cut price targets following the update, with Morgan Stanley lowering its target to $22 and Canaccord Genuity to $20.
- Operational trends softened as organic net sales fell 2.2%, volumes declined 2.9%, and adjusted gross margin dropped 370 basis points, while the firm extended Project Momentum and forecast FY2026 adjusted EPS of $3.30–$3.60.